Updated April 27 at 9:27pm
Housing
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Bruce Lane has been “playing in the real estate market” since 1985, which has allowed him to put three children through private colleges without taking on debt. The key, he says, is practicing what he preaches. more
Demand for the 48 micro-lofts at the Arcade Providence has only increased since the first tenants arrived in December 2013. Corey Towner, above, lives in one of the second-floor units. Towner was on the original waiting list of approximately 2,000, and feels lucky to be there. The waiting list has doubled, though new units, which rarely come available, are not leased on a strict first-come, first-served basis. The lofts range in size from 225 square feet to 850 square feet. more
Restoration of the micro lofts at the Arcade Providence garnered a “preservation honor award” from the National Trust for Historic Preservation. more
Rhode Island Housing has seen a jump of more than 45 percent in the value of home mortgages closed for the period that runs January through the end of May of this year, compared with the same period in 2013. more
Sales of previously owned U.S. homes slumped in November from a one-year high, underscoring the uneven nature of the current recovery in residential real estate that’s been one of its defining characteristics. more
Consumer confidence unexpectedly fell in June to a three-month low, adding to signs of a more restrained pickup in the second-quarter economy. more
If you’re thinking about taking out a new home-equity line, you’re hardly alone. Credit lines tied to home equity – popularly known as HELOCs – are one of the fastest-growing segments in the mortgage market. Volume during the first half of 2014 is up by an extraordinary 21 percent compared with the same period last year, according to data collected by credit bureau Equifax. more
Rhode Island again was among the top five states with loans that are 90 days delinquent or more, according to Black Knight Financial Services. more
The I-195 Redevelopment District Commission approved its first land sale Monday, signing off on a purchase-and-sales agreement with a Dallas-based developer who has plans to build a $50 million student apartment building in the Knowledge District. more
Home sales are expected to increase by 9 percent in 2015, and home price growth is expected to be moderate, according to data firm CoreLogic’s 2015 housing outlook report. more
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